- CoinShares has finalized a big acquisition.
- The acquisition raised CoinShares’ AUM to $7.3 billion globally.
- Following the acquisition, CoinShares has robust plans for the U.S. market.
Digital assets investment firm CoinShares has strengthened its global presence by completing the acquisition of Valkyrie ETF Business, the company said on Tuesday.
Headquartered in Jersey, CoinShares has focused on crypto since 2013, serving a wide range of clients, including financial institutions, corporations, and individuals. The company exercised its option to acquire Valkyrie this year following the launch of the Valkyrie Bitcoin Fund in January 2024.
CoinShares Accelerates U.S. Expansion with Valkyrie Acquisition
According to a press release dated March 12, CoinShares International Limited has closed the acquisition of Valkyrie Funds LLC and the sponsor rights to the Valkyrie Bitcoin Fund, the physically-backed Bitcoin ETF with approximately $530M in assets under management.
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With the acquisition process over, CoinShares plans to leverage the Valkyrie ETF infrastructure to penetrate the U.S. market with its thematic products, such as $WGMI, the company’s highest-performing non-leveraged ETF in 2023 across all sectors, and the newly introduced $BTFX, a 2x leveraged bitcoin futures ETF.
CoinShares CEO Jean-Marie Mognetti welcomed the development, noting that it was a critical step in its growth strategy.
“More importantly, it broadens our product offerings, strengthens our innovation capacity, and increases by a factor of 15 our total addressable market. The U.S. represents a critical market for any asset manager and with a dedicated platform as well as the right product-market fit, CoinShares is poised to deliver significant value to its stakeholders,” Mognetti stated.
CoinShares has initiated the process of integrating Valkyrie with its portfolio of brands. By summer, the company will have completed rebranding Valkyrie under the CoinShares umbrella to reinforce “brand consistency and awareness” in the U.S.
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Read about CoinShares’s U.S. hedge fund division:
CoinShares Dives into the US with Investment Opportunities
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